Invenomic Capital Management LP Makes New $6.71 Million Investment in Archer Daniels Midland Company $ADM

Key Points

• Invenomic Capital Management LP has acquired 139,667 shares of Archer Daniels Midland Company (NYSE: ADM), amounting to an investment of approximately $6.7 million.
• Analysts have mixed views on ADM with one buying, six holding, and one selling rating, while recent price targets have ranged from $45 to $70.
• Archer Daniels Midland announced a quarterly dividend of $0.51 per share, indicating a dividend yield of 3.3% based on an annualized payout of $2.04.

Invenomic Capital Management LP bought a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 139,667 shares of the company's stock, valued at approximately $6,705,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADM. S.A. Mason LLC purchased a new position in Archer Daniels Midland in the first quarter valued at about $25,000. Headlands Technologies LLC purchased a new stake in shares of Archer Daniels Midland during the 1st quarter valued at approximately $25,000. ORG Partners LLC lifted its stake in shares of Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after buying an additional 523 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Archer Daniels Midland during the 1st quarter valued at approximately $37,000. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after buying an additional 237 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADM has been the topic of a number of recent research reports. Morgan Stanley upped their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group reaffirmed a "buy" rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 target price on the stock. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $55.50.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM traded up $0.97 during trading on Friday, reaching $62.91. The company had a trading volume of 2,655,895 shares, compared to its average volume of 3,407,099. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.38. The stock has a market capitalization of $30.23 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 3.35 and a beta of 0.68. The company has a fifty day moving average of $57.52 and a two-hundred day moving average of $51.46. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company had revenue of $21.17 billion during the quarter, compared to analysts' expectations of $21.56 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm's revenue was down 4.9% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Equities research analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. Archer Daniels Midland's dividend payout ratio is 89.87%.

About Archer Daniels Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.